What does an interest rate cut mean for mortgages?

Posted by JSCFinancial on Thursday 20th of February 2025

What does an interest rate cut mean for mortgages?

Every six weeks or so, all eyes are on the Bank of England and its Monetary Policy Committee (MPC) – the group that decides whether interest rates will be increased, held or cut. How they choose to act has an impact on how much it costs banks to borrow money and what rates they can offer to savers and borrowers.

With all this in mind, what does an interest rate cut actually mean for mortgage holders and for those weighing up their options as they come to buy or move?

Will my mortgage now ...


How to recover from a financial scam

Posted by JSCFinancial on Wednesday 22nd of January 2025

Knowing what to do if you’ve been scammed and where to get help is crucial. Here are five key steps to recover from a financial scam.

1. Act quickly

Time is crucial when dealing with financial scams. Take immediate action if you think you’ve been scammed to minimise any further damage. If you’ve shared personal information, contact your bank or building society right away to report the fraud and freeze your accounts to prevent further unauthorised transactions.

If scammers have posed as a person you trust, such as a family member or your ...


Five essential tips to protect yourself from financial scams

Posted by JSCFinancial on Wednesday 22nd of January 2025

Cybercriminals use a wide range of tactics to con people out of their money. Stay one step ahead with these five crucial tips to avoid financial scams.

1. Stay informed

Knowing how to spot a financial scam is your first line of defence. Fraudsters are constantly changing their tactics so regularly educating yourself about common approaches like phishing, identity fraud and romance scams are crucial to staying one step ahead.

Action Fraud and other consumer protection organisations offer a wealth of valuable resources and updates on emergi...


It’s time for a fresh look at your finances – where should you start in 2025?

Posted by JSCFinancial on Friday 10th of January 2025

The start of a new year presents a great opportunity to set out your goals and aspirations for the coming 12 months. For others, it can also mean new beginnings, new challenges or simply a fresh start.

No matter your mindset for 2025, now is a great time to review your financial goals and plans for the year ahead. Whether it’s finally getting onto the property ladder, safeguarding your family’s health and financial wellbeing, or thinking about plans for retirement, the right advice can help you on the path to identifying new opportunities a...


Stamp Duty relief not extended for buyers – what you need to know before rules change

Posted by JSCFinancial on Thursday 7th of November 2024

In Labour’s first Budget since taking office, the Chancellor announced her plans to fix the so-called ‘black hole’ in the UK’s public finances and increase investment in public services, setting out £40 billion worth of tax rises.

While changes to stamp duty did form part of her plans, an extension or permanent change to stamp duty relief for movers and first-time buyers was sadly not included. So, what does this mean for those looking to move or buy?

What is stamp duty?

Stamp Duty Land Tax (SDLT) is the tax you pay when you buy a propert...


Autumn Budget 2024: Winners and Losers

Posted by JSCFinancial on Thursday 7th of November 2024

Chancellor of the Exchequer Rachel Reeves outlined the Government’s financial plans for the next five years. The measures, which will raise up to £40 billion for public finances, aim to “restore economic stability” and put “more pounds in people’s pockets”.

 

On 30 October 2024, Chancellor of the Exchequer Rachel Reeves announced the UK Government’s Autumn Budget alongside the Office of Budget Responsibility’s economic and fiscal forecast. The measures aim to raise more than £40 billion in taxes, plugging an alleged £22 billion black hole ...


8 types of financial scams to be aware of

Posted by JSCFinancial on Tuesday 20th of August 2024

8 types of financial scams to be aware of

Fraudsters use a variety of approaches to convince you to part with your money. Here are 8 financial scams you should be aware of.

1. Impersonation fraud

Scammers often pretend to be a familiar organisation like your bank, a utility provider or HMRC. They might inform you of a (fake) threat to your account and offer to help move your money to a more secure location, or they might claim that you’ve failed to make a payment and encourage you to settle it immediately.

Fraudsters may also prete...


Mortgage holders could benefit from rising property prices

Posted by JSCFinancial on Monday 15th of July 2024

Mortgage holders could benefit from rising property prices

Homeowners who sold their properties in 2023 made an average profit of £74,000 according to data from property website Zoopla. But you don’t have to sell your house to benefit from rising property prices – they could help you get a better interest rate on your mortgage.

9 in 10 homes sold for more than their purchase price

Concerns that the Bank of England’s decision to increase its base interest rate might cause property prices to stagnate or fall appear to be unfounded as ...


Here's how financial protection can offer security for parents

Posted by JSCFinancial on Wednesday 26th of June 2024

Here's how financial protection can offer security for parents

Serious illness can place immense stress on our families. The cost of caring for an unwell child, worry over access to essential services, and the emotional toll of serious illness are all things that no parent wants to think about.

We can’t predict what the future will hold for the health of our families, but we can take proactive steps to prepare for the risk that we or our children might become critically unwell.

Appropriate financial protection can be a vital safety net fo...


General election 2024: 4 July

Posted by JSCFinancial on Tuesday 4th of June 2024

Prime Minister Rishi Sunak surprised everybody on 22 May – including many in his party – with his announcement of a general election on Thursday 4 July.

At the start of 2024, Rishi Sunak said that his “working assumption” was that the general election would be held “in the second half of the year”. His unexpected choice of 4 July just passes that midway threshold, so what happens next?

Election timeline

The run-up to the dissolution of parliament will see a week of frantically trying to pass outstanding legislation (including the March Bu...


Archive

UK News

Dubai-based Bybit said it could afford to reimburse customers and that it was working to find the hackers.
The energy regulator is demanding to know how many people have been sent back bills.
Customers' photos and documents stored online will no longer be protected by end-to-end encryption.
Chancellor faces a rising challenge to keep her tax and spending plans on track after missing forecasts.
The London station's owner and Eurotunnel hope to expand routes to Cologne, Frankfurt and Switzerland.